SOURCE: Big Apple Worldwide, Inc

April 19, 2006 08:00 ET

Big Apple Worldwide Retires Over 289 Million Free Trading Shares

NEW YORK, NY -- (MARKET WIRE) -- April 19, 2006 -- Big Apple Worldwide, Inc. (OTC: BPWW) is pleased to announce that their Board of Directors has approved the retirement of 289,367,139 free trading shares, representing a total of almost 20% of the total outstanding shares. This now reduces the public float to an estimated 11 Million shares.

"After this most recent retirement of over 289 Million shares, we have now retired over 1.25 Billion shares of common stock. We are very pleased to move forward with our commitment to increase shareholder value by changing Big Apple Worldwide's share structure," stated Neal Jablon, President of Big Apple Worldwide, Inc.

Big Apple Worldwide recently announced that they have signed a mutual Letter of Intent for the Company to acquire 100% of Big Apple Travel, Inc. from Big Apple Consulting, USA, Inc. The Company will disclose more information upon completion of the thirty-day due diligence period.

About Big Apple Worldwide, Inc.

Big Apple Worldwide Inc. is a holding company focused on serving the hospitality and leisure market. Big Apple Wallcovering Inc. is a wholly owned subsidiary of Big Apple Worldwide and has inspired the Architecture and Design community with cutting-edge design and the manufacturing of architectural Wallcovering and fabrics for hospitality, private offices and commercial interiors. The Company's reputation for design and craftsmanship continues to enhance interiors with an elegant and intelligent portfolio of products.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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